Norway electricity prices
The residential electricity price in Norway is
NOK 1.819 per kWh or USD 0.163.
The electricity price for businesses is
NOK 1.264 kWh or
USD 0.113.
These retail prices were collected in March 2024 and include the cost of power, distribution and transmission, and all taxes and fees.
Compare Norway with 150 other countries.
Historical quarterly data, along with the latest update from September 2024 are available for download.
Sources: Norges vassdrags- og energidirektorat (NVE), Statistisk sentralbyrå
Electricity price analysis for Norway
- Residential electricity prices in Norway are 112.89% of the world average electricity price and 75.72% of the average price in Europe.
- Business electricity rates in Norway are 80.39% of the world average price and 61.73% of the average in Europe.
- Household rates are 143.91% of the business rates.
- Electricity prices paid by small businesses in Norway are 128.17% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 328.83% of the price paid by households with high electricity consumption.
- Fossil fuels: 0.53%
- Wind: 10.34%
- Solar: 0.12%
- Hydro: 89.01%
- Nuclear: 0.00%
- Geothermal: 0.00%
